Form 8.5 (EPT/NON-RI) - TESCO PLC

Form 8.5 (EPT/NON-RI) - TESCO PLC

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)	Â	Name of exempt principal trader:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b)		Name of offeror/offeree in relation to whose		TESCO PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		TESCO PLC
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		15 September 2017
(e)		In addition to the company in 1(b) above, is the exempt principal		YES:
Â		trader making disclosures in respect of any other party to the offer?		BOOKER GROUP PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	Â	Â	Â	5p ordinary	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		65,141,786		0.80%		50,674,634		0.62%
Â		Â		Â		Â		Â		Â
(2)		Cash-settled derivatives:
				36,760,325		0.45%		47,969,655		0.59%
Â		Â		Â		Â		Â		Â
(3)		Stock-settled derivatives (including options)
		and agreements to purchase/sell:		1,000,000		0.01%		1,000,000		0.01%
Â		Â		Â		Â		Â		Â
(4)
		TOTAL:		102,902,111		1.26%		99,644,289		1.22%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Total number of	Â	Highest price per unit	Â	Lowest price per unit
security		Â		securities		paid/received		paid/received
5p ordinary		Purchase		3,141,957		1.8425 GBP		1.8126 GBP
5p ordinary		Sale		3,203,092		1.8425 GBP		1.8147 GBP
ADR		Purchase		15,000		7.4633 USD		7.4233 USD
ADR		Sale		15,000		7.4633 USD		7.4233 USD

(b) Cash-settled derivative transactions

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
5p ordinary		CFD		Long		373		1.8284 GBP
5p ordinary		CFD		Long		3,284		1.8197 GBP
5p ordinary		CFD		Long		13,362		1.8289 GBP
5p ordinary		CFD		Long		29,482		1.8261 GBP
5p ordinary		SWAP		Long		30,800		1.8147 GBP
5p ordinary		CFD		Long		36,000		1.8144 GBP
5p ordinary		CFD		Long		60,632		1.8383 GBP
5p ordinary		CFD		Long		69,306		1.8227 GBP
5p ordinary		CFD		Long		82,141		1.8207 GBP
5p ordinary		SWAP		Long		84,052		1.8330 GBP
5p ordinary		SWAP		Long		91,442		1.8167 GBP
5p ordinary		SWAP		Long		99,900		1.8188 GBP
5p ordinary		CFD		Long		129,480		1.8230 GBP
5p ordinary		SWAP		Long		146,407		1.8158 GBP
5p ordinary		CFD		Long		462,029		1.8243 GBP
5p ordinary		SWAP		Long		576,025		1.8185 GBP
5p ordinary		SWAP		Long		951,619		1.8263 GBP
5p ordinary		SWAP		Short		168		1.8207 GBP
5p ordinary		SWAP		Short		443		1.8185 GBP
5p ordinary		CFD		Short		1,016		1.8141 GBP
5p ordinary		SWAP		Short		1,215		1.8311 GBP
5p ordinary		SWAP		Short		1,641		1.8366 GBP
5p ordinary		SWAP		Short		1,694		1.8295 GBP
5p ordinary		SWAP		Short		2,066		1.8273 GBP
5p ordinary		SWAP		Short		2,526		1.8319 GBP
5p ordinary		SWAP		Short		2,820		1.8263 GBP
5p ordinary		SWAP		Short		3,027		1.8255 GBP
5p ordinary		SWAP		Short		3,101		1.8304 GBP
5p ordinary		SWAP		Short		3,680		1.8279 GBP
5p ordinary		SWAP		Short		3,746		1.8327 GBP
5p ordinary		SWAP		Short		4,084		1.8321 GBP
5p ordinary		SWAP		Short		4,141		1.8286 GBP
5p ordinary		SWAP		Short		4,452		1.8306 GBP
5p ordinary		CFD		Short		6,762		1.8126 GBP
5p ordinary		SWAP		Short		8,614		1.8237 GBP
5p ordinary		CFD		Short		10,468		1.8234 GBP
5p ordinary		CFD		Short		12,000		1.8227 GBP
5p ordinary		CFD		Short		12,624		1.8192 GBP
5p ordinary		SWAP		Short		15,923		1.8241 GBP
5p ordinary		CFD		Short		16,346		1.8151 GBP
5p ordinary		CFD		Short		18,918		1.8268 GBP
5p ordinary		CFD		Short		30,000		1.8146 GBP
5p ordinary		SWAP		Short		38,614		1.8291 GBP
5p ordinary		SWAP		Short		48,540		1.8353 GBP
5p ordinary		SWAP		Short		60,597		1.8292 GBP
5p ordinary		CFD		Short		61,839		1.8220 GBP
5p ordinary		SWAP		Short		76,352		1.8168 GBP
5p ordinary		SWAP		Short		108,947		1.8175 GBP
5p ordinary		SWAP		Short		140,525		1.8427 GBP
5p ordinary		SWAP		Short		142,819		1.8309 GBP
5p ordinary		CFD		Short		193,238		1.8143 GBP
5p ordinary		CFD		Short		263,007		1.8150 GBP
5p ordinary		CFD		Short		274,391		1.8208 GBP
5p ordinary		SWAP		Short		320,846		1.8277 GBP
5p ordinary		SWAP		Short		400,780		1.8216 GBP
5p ordinary		CFD		Short		621,122		1.8149 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Â

Product description e.g. call option

Â

Exercising/ exercised against

Â

Number of securities

Â

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?	Â	YES
Date of disclosure:		18 Sep 2017
Contact name:		Femi Badmos
Telephone number:		020 3555 1125

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose positions/dealings	Â	BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:		Â
Name of offeror/offeree in relation to whose		TESCO
relevant securities this from relates:		Â

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

5p ordinary

Call Options

Purchased

1,000,000

185.0000

American

15 Dec 2017

5p ordinary

Put Options

Purchased

-1,000,000

185.0000

American

15 Dec 2017

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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